Truist Financial Corp Has $5.45 Million Stock Position in MACOM Technology Solutions Holdings, Inc. $MTSI

Truist Financial Corp boosted its holdings in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 1.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,062 shares of the semiconductor company’s stock after buying an additional 449 shares during the period. Truist Financial Corp owned approximately 0.05% of MACOM Technology Solutions worth $5,454,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in MACOM Technology Solutions by 2.0% during the first quarter. Vanguard Group Inc. now owns 6,646,452 shares of the semiconductor company’s stock valued at $667,171,000 after buying an additional 129,201 shares during the period. Alliancebernstein L.P. raised its position in MACOM Technology Solutions by 2.4% during the first quarter. Alliancebernstein L.P. now owns 1,468,782 shares of the semiconductor company’s stock valued at $147,436,000 after buying an additional 34,214 shares during the period. GW&K Investment Management LLC raised its position in MACOM Technology Solutions by 9.9% during the first quarter. GW&K Investment Management LLC now owns 1,275,048 shares of the semiconductor company’s stock valued at $127,990,000 after buying an additional 114,780 shares during the period. Jennison Associates LLC increased its position in MACOM Technology Solutions by 18.4% in the 1st quarter. Jennison Associates LLC now owns 630,406 shares of the semiconductor company’s stock worth $63,280,000 after purchasing an additional 97,943 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in MACOM Technology Solutions by 9.1% in the 1st quarter. The Manufacturers Life Insurance Company now owns 617,174 shares of the semiconductor company’s stock worth $61,952,000 after purchasing an additional 51,531 shares during the last quarter. 76.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on MTSI. Wall Street Zen lowered MACOM Technology Solutions from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Bank of America upped their target price on MACOM Technology Solutions from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, June 24th. Zacks Research raised MACOM Technology Solutions from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 20th. TD Cowen began coverage on MACOM Technology Solutions in a research report on Wednesday, October 1st. They issued a “buy” rating and a $150.00 target price on the stock. Finally, Truist Financial upped their target price on MACOM Technology Solutions from $136.00 to $154.00 and gave the stock a “buy” rating in a research report on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $146.56.

MACOM Technology Solutions Stock Performance

Shares of NASDAQ MTSI opened at $127.97 on Wednesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 3.10 and a current ratio of 3.83. The firm has a market cap of $9.53 billion, a price-to-earnings ratio of -126.70, a P/E/G ratio of 1.95 and a beta of 1.48. The business’s 50-day simple moving average is $128.89 and its 200-day simple moving average is $123.48. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $84.00 and a 52 week high of $152.50.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its quarterly earnings data on Thursday, August 7th. The semiconductor company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. The business had revenue of $252.08 million for the quarter, compared to analyst estimates of $249.89 million. MACOM Technology Solutions had a positive return on equity of 14.02% and a negative net margin of 7.71%.The firm’s revenue for the quarter was up 32.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.66 EPS. MACOM Technology Solutions has set its Q4 2025 guidance at 0.910-0.950 EPS. As a group, equities research analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current fiscal year.

Insider Buying and Selling

In other MACOM Technology Solutions news, major shareholder Susan Ocampo sold 150,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $133.09, for a total value of $19,963,500.00. Following the sale, the insider owned 3,372,186 shares of the company’s stock, valued at $448,804,234.74. This trade represents a 4.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Robert Dennehy sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $127.23, for a total value of $636,150.00. Following the completion of the sale, the senior vice president directly owned 10,680 shares in the company, valued at $1,358,816.40. This trade represents a 31.89% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 758,235 shares of company stock worth $100,408,930 in the last ninety days. Insiders own 16.30% of the company’s stock.

About MACOM Technology Solutions

MACOM Technology Solutions Holdings, Inc, together with its subsidiaries, designs and manufactures analog semiconductor solutions for use in wireless and wireline applications across the radio frequency (RF), microwave, millimeter wave, and lightwave spectrum in the United States, China, Australia, Japan, Malaysia, Singapore, South Korea, Taiwan, Thailand, and internationally.